iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Reaches New 52-Week Low – Here’s What Happened

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) hit a new 52-week low during trading on Monday . The company traded as low as $103.69 and last traded at $103.69, with a volume of 487 shares changing hands. The stock had previously closed at $106.56.

iShares Short-Term National Muni Bond ETF Stock Down 0.1%

The stock has a 50 day moving average of $106.44 and a two-hundred day moving average of $106.73.

Hedge Funds Weigh In On iShares Short-Term National Muni Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. acquired a new stake in shares of iShares Short-Term National Muni Bond ETF in the fourth quarter worth $25,000. Rothschild Investment LLC grew its stake in iShares Short-Term National Muni Bond ETF by 13,400.0% in the 4th quarter. Rothschild Investment LLC now owns 405 shares of the company’s stock valued at $43,000 after buying an additional 402 shares during the last quarter. Monetary Solutions Ltd acquired a new position in iShares Short-Term National Muni Bond ETF in the 4th quarter valued at $54,000. Field & Main Bank raised its holdings in iShares Short-Term National Muni Bond ETF by 18.4% in the 4th quarter. Field & Main Bank now owns 651 shares of the company’s stock worth $69,000 after acquiring an additional 101 shares during the period. Finally, WFA of San Diego LLC bought a new position in iShares Short-Term National Muni Bond ETF in the 2nd quarter worth $95,000.

About iShares Short-Term National Muni Bond ETF

iShares 2016 AMT-Free Muni Term ETF, formerly iShares S&P Short Term National AMT-Free Municipal Bond Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Short Term National AMT-Free Municipal Bond Index (the Index). The Index measures the performance of the short-term investment-grade segment of the United States municipal bond market. The Fund invests in a representative sample of the securities included in the Index that collectively has an investment profile similar to the Index.